Cisco to Accelerate Hiring to Meet Emerging Market Demands

According to Chief Executive Officer John Chambers, Cisco Systems Inc. expects to hire about 3,000 workers worldwide over the next two fiscal quarters. The increased hiring will help the company to grow with emerging businesses. The hiring will include a smart-grid ramp-up. Videoconferencing systems and consumer products are other business growth areas that Cisco hopes to profit from.

About 1,000 workers were added in the San Jose-based company in the quarter that ended May 1. Given the ever-growing need for energy efficiency, a smart-grid ramp-up may be a smart move for Cisco.